Sri Lanka has formally invited Vingroup, Vietnam’s largest private conglomerate, to invest in Sri Lanka’s real estate and tourism sectors, citing the island nation’s strategic location and investor-friendly policies, a statement by the President’s Media Division has said.

The invitation was extended by President Anura Kumara Dissanayake during a high-level business meeting at Vingroup’s headquarters in Hanoi on Sunday (4), as part of his state visit to Vietnam at the invitation of Vietnamese President Luong Cuong.

President Dissanayake highlighted tourism and real estate as priority sectors, emphasising Sri Lanka’s geographic advantage, infrastructure upgrades, and policy reforms to attract foreign capital.

The President assured Vingroup of a “smooth and enabling environment” for potential investments, signalling Sri Lanka’s push to position itself as a regional investment hub post-economic recovery.

The Vietnamese conglomerate, founded in 1993, operates across industrials and technology, real estate and services, and social enterprises, making it a strategic partner for Sri Lanka’s development goals.

Sri Lanka aims to leverage Vingroup’s expertise in large-scale hospitality and property projects to boost its tourism sector, which contributes about 5% to GDP.

The discussions included Vingroup Vice Chairperson and CEO Nguyen Viet Quang and Sri Lanka’s Foreign Affairs, Foreign Employment, and Tourism Minister Vijitha Herath.